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but continuing with the theme of abundance, we will see the development of an energy surplus because of technological advances in exploiting both oil and natural gas resources, combined with new energy efficiency measures that will greatly reduce u.s. energy use. now the u.s. is now predicted, the international energy agency, predicts the u.s. will be the, will be the number one producer of oil by 2020. it will also be probably close to the top in the producers of natural gas. this will give us the wealth and income, mike lindh mentioned -- lind, mentioned 1 1/2% of gdp, we have 16 to 20 years to make up for the short fall in, in social security and 4 to 5% in medicare. well, the explosion of a moving from a energy deficit to a energy surplus will more than half close that gdp gap. so, we have a economic conditions that suggest that the challenges we face are the exact opposite of what the bowles-simpson grand bargain would impose on us as a growth strategy. the conditions that we're going to face over the next five to eight years with some amelioration if we do the right things are
and the truth is, they are brutal. you look what is happening in the iranian energy area, not only the fact that they're able to sell, you know, less than 50% of what they were selling before. it is that their production, their output is down from over 4 million barrels a day to 2.6 million barrels a day. part of the reason for that is precisely because of the sanctions, the inability to continue to invest in the energy infrastructure, the inability to continue to pump and store oil as they shut down oil fields that may not be so easy for them to recoup. you look what is happening to the currency, the devaluation. there are some estimates that the currency is being devalued by half every two months. think about what that means. it means that what you're buying, when you go and you buy something it costs you twice as much. it means what you have in the bank is worth half as much. if this is continuing to happen, it is bound to have an effect on the society as a whole whole. look at what the supreme leader has been saying over the last couple weeks. on more than one occasion he has explicitly
to the committee on energy with instructions to report back the following amendment, number 2880. mr. reid: i ask for the yeas and nays on that motion. the presiding officer: is there a sufficient second? there appears to be. the yeas and nays are ordered. mr. reid: i have an amendment to the instructions. that's also at the desk. the presiding officer: the clerk will report. the clerk: the senator from nevada, mr. reid, proposes amendment numbered 2881 to the instructions on the motion to commit s. 3525. mr. reid: i ask for the yeas and nays on that amendment. the presiding officer: is there a sufficient second? there appears to be. the yeas and nays are ordered. mr. reid: i have a second-degree amendment at the desk. the presiding officer: the clerk will report. the clerk: the senator from nevada, mr. reid, proposes amendment numbered 2882 to amendment numbered 2881. mr. reid: i have a cloture motion on the bill that is already at the desk. the presiding officer: the clerk will report. the clerk: cloture motion. we, the undersigned senators in accordance with the provisions of rule 22 of the st
and take your, take your energy? that is -- information. that is example of unfairness. we brought 100 examples of spam cases many based on unfairness. 40 data security cases using unfairness. those are examples where i think you want us to use this statute. this is a statute that congress gave us in 1939 to prohibit unfair deceptive acts or practices. >> wyndham case is fair example. it didn't protect their credit card data. >> what we allege, yes. >> 500,000 credit card numbers ended up in the hands of a russian company. >> can neither confirm or deny that. that is certainly the allegation. i don't think even they deny it. >> i guess you brought that. >> involving multiple hacks. not first time or second time. perhaps as many as three. >> one thing i wonder about, one criticism of the ftc you didn't do anything to google for their overcollection of wi-fi information and i don't know how much you can say about that by that, part of the problem there was they didn't say they wouldn't do it. so it wasn't deceptive. they never said i'm not going to collect everybody's information over wi
, afghanistan/pakistan and u.s. energy policy as the six top issues. so starting with that, looking at it strategically, do you feel that those are the core issues before president obama and this administration and our country going into 2013? um, if not, what would you change, what would you add? >> i -- when i was informed by lori murray about the outcome of the process by which the world affairs councils went through and came up with those six issues, i thought you had it exactly right. i think those are the big issues, and congratulations to you. i think you have them just right. i think there is an overarching issue on top of all of them that in some sense effects and enables all of them x that is if you look at at the national security challenges and the foreign policy challenges we face, i say that the number one challenge is getting our fiscal house in order. getting a handle on the debt, getting a handle on the deficit which are critical in order to get the economy growing again and people back to work. and i think that is the over -- it's certainly the number one domestic
and vote against the president? take a look at a place like oklahoma where energy state and you're supposed of conservatives are coming out in droves to vote against president obama. turnout looks to be down more than 5% and appears with almost all votes counted in oakland. a couple of wrong assumptions we made the overall this is a watershed election because with 84 house freshman in my count, 40 and democrats and 35 election. when you combine that with a few surviving members of the class of 2010, that's 166 members, more than one-third of the house will have less than three years of experience in congress takes office in january. so a huge new freshman class, very steep learning curve, and get ready for the fireworks. >> curtis. and again, you have, many of you have history port and the bbc's report on voter turnout. but tell us what happened and why spent the first and want to do is think dpc, and eric larson for making this report possible. wouldn't have been without them. i'm usually the chicken little of the analyst industry on the turnout, this time i was chicken little when it turn
Search Results 0 to 5 of about 6